Geneos Wealth Management Inc. Has $258,000 Position in HSBC Holdings plc (NYSE:HSBC)

Geneos Wealth Management Inc. cut its holdings in HSBC Holdings plc (NYSE:HSBC) by 6.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,208 shares of the financial services provider’s stock after selling 358 shares during the quarter. Geneos Wealth Management Inc.’s holdings in HSBC were worth $258,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Berbice Capital Management LLC acquired a new stake in shares of HSBC during the fourth quarter worth $25,000. Larson Financial Group LLC raised its stake in shares of HSBC by 138.5% in the 3rd quarter. Larson Financial Group LLC now owns 775 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 450 shares during the period. Brooklyn Investment Group bought a new stake in shares of HSBC in the fourth quarter valued at about $49,000. Allworth Financial LP grew its holdings in shares of HSBC by 40.9% during the third quarter. Allworth Financial LP now owns 1,367 shares of the financial services provider’s stock worth $62,000 after buying an additional 397 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in HSBC by 116.2% in the 4th quarter. Versant Capital Management Inc now owns 1,498 shares of the financial services provider’s stock valued at $74,000 after buying an additional 805 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

HSBC Price Performance

Shares of HSBC opened at $52.21 on Thursday. The company has a 50 day moving average of $48.80 and a 200-day moving average of $45.74. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $186.99 billion, a P/E ratio of 8.63, a P/E/G ratio of 1.35 and a beta of 0.54. HSBC Holdings plc has a twelve month low of $36.93 and a twelve month high of $52.44.

HSBC (NYSE:HSBC) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter. HSBC had a net margin of 15.70% and a return on equity of 10.71%. The firm had revenue of $36.62 billion for the quarter. During the same quarter in the previous year, the firm posted $1.45 earnings per share. As a group, equities research analysts forecast that HSBC Holdings plc will post 6.67 EPS for the current fiscal year.

HSBC Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.